Financial Services Association, May 25 (Reporter Liang Kezhi) After Vice Governor Wang Yungui retired, China Merchants Bank once again reported executive changes.

On May 24, there was market news that CMB's Chief Information Officer Jiang Chaoyang has been transferred to the position of General Manager of China Merchants Group's Strategic Development Department/Science and Technology Innovation Department, and the vacant position of China Merchants Bank's Chief Information Officer will be replaced by Zhou Tianhong, general manager of CMB's Information Technology Department.

A CIFA reporter sought evidence from China Merchants Bank, but no response had been received as of press release. However, several members of the China Merchants Group system confirmed to reporters that Jiang Chaoyang has indeed upgraded the group from the bank.

Judging from public information, Jiang Chaoyang's last public appearance as China Merchants Bank's Chief Information Officer was on April 13. At an internal seminar on the “Data Security Management Measures for Banks and Insurance Institutions (Draft for Comments)” held by the New Finance Alliance, Jiang Chaoyang said, “Banks need to provide necessary data when carrying out business cooperation with third party institutions, but there is also a lack of binding force on partners. The proposal promotes clarification of restrictions on third parties at the legal level, extends regulatory requirements for third parties, and creates conditions for financial institutions to strengthen third party data security management.”

It is worth noting that China Merchants Group's official website shows that at the China Merchants Innovation and Technology opening ceremony on April 18 this year, Deng Weidong, the former Chief Strategy Officer of China Merchants Group and head of the Strategic Development/Science and Technology Innovation Department, appeared as the new general manager of China Merchants Innovation Technology.

A ten-year veteran of the recruitment bank, experienced firsthand the explosion of fintech investment

According to his resume, Jiang Chaoyang was born in December 1967, has a master's degree in management science from Shanghai Jiao Tong University, and is a senior economist. It has been over ten years since joining China Merchants Bank in November 2013.

Jiang Chaoyang has served as the general manager of the strategic customer department of CMB, the general manager of the retail online banking department of the head office, the deputy general manager and general manager of the wealth management department of the head office. Since November 2019, he has also been the chief information officer of China Merchants Bank, and also the chairman of CMB Yunchuang, a technology company owned by CMB.

Prior to joining CMB, Jiang Chaoyang was the general manager of the personal finance department of the Shanghai branch of CCB, the general manager of the e-banking department, and the general manager of the Putuo branch of the Shanghai branch. He was also the vice president of Alipay Security, responsible for Alipay's comprehensive risk prevention and control work.

In February 2013, Jiang Chaoyang, then vice president of Alipay security, stated in public that with regard to online payment risks, as long as one strengthens its own security system and combines external security cooperation, online payment risks can be effectively managed.

China Merchants Bank has always paid attention to investment in fintech. The 2023 annual report shows that “wealth management, fintech, and risk management” are the three core capabilities of CMB.

CMB is one of the few companies in the banking industry to include a share of fintech investment in its articles of association. In March 2019, CMB amended the company's articles of association to add new provisions: the company will continue to increase investment in fintech when formulating an annual financial budget plan. In principle, the overall budget amount invested in fintech every year is not less than 3.5% of the company's operating income (group caliber) for the previous year.

Over the next five years, CMB's investment in the fintech sector continued to explode, leading the industry culture for a while. According to the 2023 annual report, CMB's investment in IT reached 4.59% of the bank's revenue, and R&D talents accounted for 9.14% of the total number of employees.

Wang Yungui, the former vice president, retired in May

On May 8, China Merchants Bank announced that Vice Governor Wang Yungui resigned from the board of directors due to his retirement, with immediate effect.

According to the annual report, Wang Yungui was born in June 1963 and has been the deputy governor of CMB since June 2019. Previously, he worked at the head office of ICBC and CDB.

After Wang Yungui retired, the CMB executive team structure changed back to “one chief, five deputy and two agents”, including: Party Secretary and Governor Wang Liang; Vice Governor Zhu Jiangtao (and Chief Risk Officer), Zhong Desheng, Wang Xiaoqing, Wang Ying, and Peng Jiawen; and Assistant Bank Directors Lei Caihua and Xu Mingjie. However, CMB's annual report shows that in addition to the above 8 senior executives, Discipline Inspection Commission Secretary Zhao Weipeng, who was transferred from the China Merchants Bureau last year, and Jiang Chaoyang, the chief information officer, also ranked in the executive ranking.

Before the news of Jiang Chaoyang's transfer to the group came out this time, the whereabouts of many former CMB executives had also been clarified. According to the official website of China Merchants Financial Holdings, Li Delin, the former deputy governor of China Merchants Bank, has become the deputy general manager, and Liu Hui, the former assistant to the governor of China Merchants Bank, is the general manager.